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  1. #21
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,657

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    I would have preferred to have it all
    F*$K Who wouldn't?

  2. #22
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,284

    Default

    Quote Originally Posted by Shambolic InEquality
    I would have preferred to have it all: security for my family, and to invest in New Zealand businesses to create jobs and long term prosperity.
    Quite right, Keys!

    Delusional aspirations are quite befitting for an econ-o-mist who is on the taxpayers' payroll, courtesy of the Dhil Twitford's expert panel to undertake an independent stock take of the housing crisis.

    Not sure if rent-a-mouth doesn't suit, better.
    Try Radenbrea Studios for hand-made designer jewellery. Especially if you're looking for a great gift for your lady love.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #23
    Join Date
    Mar 2013
    Location
    Auckland
    Posts
    1,594

    Default

    I am going to be spending pretty much the entirety of my school holidays living in a very rundown property in a small Waikato town, while I renovate it.
    I will be sleeping on an airbed, God knows if I will be able to bring myself to use the current shower, and cooking in a microwave or other portable means.

    By the end of it, I will be knackered and in need of a summer break, but I will have poured my money (high-interest short-term money with $3K establishment costs) and energies into providing two homes (older house in two flats) in a town with a severe rental shortage, where there are currently none.

    Yes, I expect to be compensated handsomely for my efforts, but while it is a drop in the bucket, I am actually DOING something to provide much-needed housing. Far from being a parasite, if you extrapolated one person being able to house two groups of people by summer's end and compared it to the govt's efforts, it doesn't make them look too good.

    This is the face of PI that's missing. This is the flip side of the anti-landlord spin. I'd actually like to challenge RU to come and look at the comfortable, modern homes I create from the mess the property's currently in, then tell me to my face that tenants should get a share of the equity after paying X amount of rent.
    My blog. From personal experience.
    http://statehousinginnz.wordpress.com/

  4. #24
    Join Date
    Feb 2013
    Posts
    293

    Default

    Good on you Sidinz.
    3K establishment fee seems a lot , unless I mis read it.
    What is the population like over there, I am suppose with severe shortage , it may be ok as long as tenants have job and income prospects.

  5. #25

    Default

    Sidinz - your post highlights the inequity of effort we're seeing in this country. I have done what you're doing, I will likely do it again in the future but at the moment I have other priorities.

    The number of times i've been told how lucky i am...

    Those that want to disperse the equity need also be ready to disperse the effort.

  6. #26
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,284

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    Those that want to disperse the equity need also be ready to disperse the effort.
    Time to drag out the old perennial, eh?

    Little Red Hen a.k.a. Greedy Capitalist Pig

    “Who will help me plant my wheat?” asked the little red hen.
    “Not I,” said the cow.
    “Not I,” said the duck.
    “Not I,” said the pig.
    “Not I,” said the goose.

    “Then I will do it by myself.” She planted her crop and the wheat grew and ripened.

    “Who will help me reap my wheat?” asked the little red hen.
    “I’m on disability,” said the duck.
    “Out of my classification,” said the pig.
    “I’d lose my seniority,” said the cow.
    “I’d lose my unemployment benefit,” said the goose.

    “Then I will do it by myself,” said the little red hen, and so she did.

    “Who will help me bake the bread?” asked the little red hen.
    “That would be overtime for me,” said the cow.
    “I’d lose my welfare benefits,” said the duck.
    “I’m a dropout and never learned how,” said the pig.
    “If I’m to be the only helper, that’s discrimination,” said the goose.

    “Then I will do it by myself,” said the little red hen, and so she did.

    The smell of fresh-baked bread attracted all her neighbours. They saw the bread and wanted some. In fact, they demanded a share.

    But the little red hen said, “No, I shall eat all the loaves. I earned them!”

    “Excess profits!” cried the cow.
    “Capitalist leech!” screamed the duck.
    “I demand equal rights!” yelled the goose.
    “Share with the 99 percent,” grunted the pig.

    And they all painted ‘Unfair!’ picket signs and marched around and around the little red hen, shouting obscenities.

    Then the farmer came. He said to the little red hen, “You must not be so greedy.”

    “But I earned the bread,” said the little red hen.

    “Exactly,” said the farmer. “That is what makes our free enterprise system so wonderful. Anyone in the barnyard can earn as much as he wants. But under our modern socialist government regulations, the productive workers must divide the fruits of their labor with those who are idle.”

    So the next year:

    The little red hen didn’t plant the wheat or sow the wheat or reap the wheat or bake the wheat and all the farm animals went hungry including the farmer.
    “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery!” -Winston Churchill
    Try Radenbrea Studios for hand-made designer jewellery. Especially if you're looking for a great gift for your lady love.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  7. #27
    Join Date
    Mar 2013
    Location
    Auckland
    Posts
    1,594

    Default

    Quote Originally Posted by BlueSky View Post
    Good on you Sidinz.
    3K establishment fee seems a lot , unless I mis read it.
    What is the population like over there, I am suppose with severe shortage , it may be ok as long as tenants have job and income prospects.
    The $3K is the total of the lender's fee and the broker's.
    Yeah, I wouldn't have gone for a small town if it didn't have a chronic rental shortage. My theory is that with building costs and regional rents being what they are, these small town shortages aren't going to be fixed any time soon. Who in their right mind would build the necessary housing?
    My blog. From personal experience.
    http://statehousinginnz.wordpress.com/

  8. #28

    Default

    Quote Originally Posted by sidinz View Post
    The $3K is the total of the lender's fee and the broker's.
    Yeah, I wouldn't have gone for a small town if it didn't have a chronic rental shortage. My theory is that with building costs and regional rents being what they are, these small town shortages aren't going to be fixed any time soon. Who in their right mind would build the necessary housing?

    Phil Twyford- but you needn’t worry. The full weight of his government building program will only build about 20/yr

  9. #29
    Join Date
    Aug 2003
    Posts
    7,466

    Default

    Well done Sidinz. We're renovating a rental at the mo. and over the holidays and we're really enjoying it too.

    Physical work that's adding value - very rewarding.

    cheers,

    Donna
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